Updates

SSP Group

September 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The shares touched all time highs after SSP’s third quarter update triggered broker upgrades. The group said revenues jumped 7.3% on a constant currency basis comprising like-for-like growth of 2.7%, net contract gains of 3.3% and the impact of an acquisition (+1.3%). Headline growth was “only” 5.8% due to currency headwinds, which lopped off 1.9% of sales.Underlying growth was broadly similar to the rate seen in H1 in UK and Europe, with growth in the air sector partially offset by softer conditions in rail. In the USA, like-for-like sales were strong due to higher air passenger numbers while rest of the world also did well.The group also noted a good improvement in operating margin in Q3 thanks to the roll ...

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B&M European Retail

Bovis Homes

SSP Group (March 2019)

SSP Group - Second consecutive special dividend (January 2019)

SSP Group - Announces special dividend (January 2018)

SSP Group - Shares hit new high of 559p (October 2017)

SSP Group (July 2017)

SSP Group - Shares hit new high of 398p (February 2017)

SSP Group - Big margin improvement (July 2016)

SSPâ€ˆGroup - Numis says forecast risk is â€˜to the upsideâ€™ (February 2016)

SSP Group - Kate Swann driving up margins again (July 2015)

SSP Group - Maiden results lift shares to new highs (January 2015)

SSP Group - Appointment of CEO Kate Swann boosts hopes for explosive eps growth (October 2014)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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